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The derivatives market has taken center stage worldwide as the culprit of international financial woes.  It took time for the public to understand what was really going on.  At first, the housing market was to blame, leading to "irresponsible" borrowers sustaining unnecessary attacks while the risky investors and their toxic assets were bailed out.  House Speaker Nancy Pelosi was at the forefront of the bailouts. 

This, however, is an election year for the Speaker.  In anticipation of the November elections, it comes as no surprise that she is now demonstrating a change of heart.  She now supports Senator Lincoln’s proposed amendment to Wall Street reform—an amendment that “would force all banks to end any dealings with derivatives.”  Business Insider reports:  “The amendment was clearly intended to give her [Lincoln] some cred on the left, in the middle of her bruising primary fight. What it wasn't intended to do, apparently, was actually pass.”

Fire Dog Lake notes that after the primary elections next Tuesday, the bill will most likely be watered down.  If this turns out to be true, it serves as yet another example of a political ploy aimed at convincing the people that the real problem is being addressed.  Pelosi is a professional politician, remember, and this sort of flip-flopping antics is just another day in the office for her.

The John Dennis Campaign will be following her "flip-flops" between now and November.  Without careful consideration, many busy Americans (without ample time to devote to politics) will believe what they see and hear in the mainstream media.  We at the campaign simply cannot afford that to happen.  Reminders must be consistent for the Speaker to truly get what she deserves for her past actions.  At the very least, that includes a retirement package.  With your help, John Dennis will provide her that luxury come November.